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Celeste Marshall

celeste@reverealtors.com +1(504) 220-8558

$380,000

Est. payment - /mo

12 Beds

8 Baths

5,220 SqFt

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Key Details

Property Type Other Types

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 5,220 sqft

Price per Sqft $72

Subdivision Tall Timbers

MLS Listing ID 2531103

Style Traditional

Bedrooms 12

Full Baths 4

Half Baths 4

HOA Y/N No

Year Built 1980

Lot Dimensions 60x136

Property Sub-Type Quadruplex

Source ROAM MLS

Land Area 5220

Property Description

This 4-unit multifamily property delivers strong in-place cash flow at $47,220 annual gross rent, with significant rent growth potential to $79,200+ annual gross rent. The property already meets DSCR loan thresholds and offers a clear path to strong returns once stabilized. This 4-plex totals 5,220 of livable sq ft, consisting of four 3BR / 1.5BA units averaging 1,305 SF for each unit. Currently, there are 3 units with term leases and 1 unit vacant. All units include in-unit laundry hookups, private yards, and off-street parking for two vehicles. 8 off-street parking spots available. Located in Tall Timbers subdivision, this asset provides a family-friendly layouts great for long-term tenants. With minimal deferred maintenance, and four separately deeded assets, investors gain both income stability and exit flexibility in one of New Orleans' most resilient rental markets.

Location

State LA

County Orleans

Community Tall Timbers

Direction General De Gaulle to Woodland Drive to Tullis Drive

Interior

Cooling Central Air

Fireplace No

Laundry In Unit, Electric Dryer Hookup

Exterior

Parking Features Off Street, Driveway

Garage Spaces 3.0

Utilities Available Natural Gas Not Available

Total Parking Spaces 3

Garage No

Building

Foundation Slab

Water Public

Architectural Style Traditional

New Construction No

Others

Tax ID 5823

Virtual Tour https://www.propertypanorama.com/instaview/roam/2531103

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Gulf South Real Estate Information Network (NOMAR IDX Plus)

Listed by Corporate Realty Leasing Company

Schools Near

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Celeste Marshall

+1(504) 220-8558

Rêve | Realtor License ID: 0995686000

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5823 - 5829 TULLIS DR New Orleans, LA 70131

Celeste Marshall

Key Details

Location

Interior

Exterior

Building

Others

Schools Near

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5823 - 5829 TULLIS DR